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Jan 31, 2013
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dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting
dollar increase in the debt ceiling. those amendments expected to be defeated. the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of...
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Jan 29, 2013
01/13
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we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as they were say the last couple years there might be less sense that we urgently need to fix the deficit problem. mike england from action economics said if we
we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to...
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Jan 31, 2013
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you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country and the follies of our congress, not to be able to make a decision on this so they are withholding investment. they are sitting on piles of cash that could be plowed -- >> bill: still today? >> today. that could be plowed into reinvestment to produce products america needs and the rest of the world. >> bill: have the employers realized they can make more money with fewer employees and that is why they are not hiring? this has been going on for a while, right? >> it's oftentimes i criticize the business community for being such short-term thinkers. it's the bottom line on the quarterly if not monthly o
you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country...